-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OOaxxSZckdkNm9myPFfo+CduxlYsSwHs8jZ31WXhfIkDt/6V++U9E5WNs3wSiltb 8eJVFZOOwB/ZlVEa1RiSxQ== 0001144204-07-012283.txt : 20070312 0001144204-07-012283.hdr.sgml : 20070312 20070312162626 ACCESSION NUMBER: 0001144204-07-012283 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070312 DATE AS OF CHANGE: 20070312 GROUP MEMBERS: IAN P. ELLIS GROUP MEMBERS: MICROCAPITAL LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZILA INC CENTRAL INDEX KEY: 0000827156 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 860619668 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40767 FILM NUMBER: 07687907 BUSINESS ADDRESS: STREET 1: 5227 NORTH 7TH STREET CITY: PHOENIX STATE: AZ ZIP: 85014-2800 BUSINESS PHONE: 6022666700 MAIL ADDRESS: STREET 1: 5227 NORTH 7 STREET CITY: PHOENIX STATE: AZ ZIP: 85014-2800 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MICROCAPITAL FUND LP CENTRAL INDEX KEY: 0001257271 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 201 POST ST STREET 2: SUITE 1001 CITY: SAN FRANCISCO STATE: CA ZIP: 94108 BUSINESS PHONE: 4156256832 SC 13G/A 1 v068246_sc13ga1.txt ---------------------------- OMB APROVAL ---------------------------- OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response ...... 11 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* ZILA, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 989513205 --------------------------- (CUSIP Number) MARCH 12, 2007 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) |_| Rule 13d-1(c) |_| Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 8 Pages CUSIP No. 989513205 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MicroCapital LLC 13-4103993 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares Beneficially Owned ------------------------------------------------------------- by Each 6. Shared Voting Power Reporting Person 7,414,207 (1) With: ------------------------------------------------------------- 7. Sole Dispositive Power ------------------------------------------------------------- 8. Shared Dispositive Power 7,414,207 (1) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,414,207 (1) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 11.6% (1) - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- (1) Consistent with Rule 13d-4 under the Act, MicroCapital, LLC ("IA") disclaims beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which IA or its employees have voting or investment discretion, or both, and (ii) certain investment entities, of which IA is the general partner, managing general partner, or other manager, to the extent interests in such entities are controlled by persons other than IA. Page 2 of 8 Pages CUSIP No. 989513205 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ian P. Ellis - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization U.K. - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares Beneficially Owned ------------------------------------------------------------- by Each 6. Shared Voting Power Reporting Person 7,414,207 (2) With: ------------------------------------------------------------- 7. Sole Dispositive Power ------------------------------------------------------------- 8. Shared Dispositive Power 7,414,207 (2) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,414,207 (2) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 11.6% (2) - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN, HC - -------------------------------------------------------------------------------- (2) Consistent with Rule 13d-4 under the Act, Mr. Ellis disclaims beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which Mr. Ellis, IA or its employees have voting or investment discretion, or both, and (ii) certain investment entities, of which Mr. Ellis or IA is the general partner, managing general partner, or other manager, to the extent interests in such entities are controlled by persons other than Mr. Ellis. Page 3 of 8 Pages CUSIP No. 989513205 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MicroCapital Fund LP 52-2286453 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares Beneficially Owned ------------------------------------------------------------- by Each 6. Shared Voting Power Reporting Person 5,361,073 With: ------------------------------------------------------------- 7. Sole Dispositive Power ------------------------------------------------------------- 8. Shared Dispositive Power 5,361,073 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,361,073 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 8.4% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Page 4 of 8 Pages Item 1. (a) Name of Issuer Zila, Inc. (b) Address of Issuer's Principal Executive Offices 5227 North 7th Street Phoenix, AZ 85014-2800 Item 2. (a) Name of Person Filing This statement is being filed by (i) MicroCapital LLC, a Delaware limited liability company and a registered investment adviser ("IA"), (ii) Ian P. Ellis ("Managing Member"), and (iii) MicroCapital Fund, LP (collectively, the "Reporting Persons"). Managing Member controls IA by virtue of Managing Member's position as managing member and majority owner of IA. IA acts as investment advisor and general partner to MicroCapital Fund, LP. (b) Address of Principal Business Office or, if none, Residence IA's principal place of business is located at: 623 Fifth Avenue, Suite 2502, New York, New York 10022 Managing Member's principal place of business is located at: 623 Fifth Avenue, Suite 2502, New York, New York 10022 MicroCapital Fund LP's principal place of business is located at: 623 Fifth Avenue, Suite 2502, New York, New York 10022 (c) Citizenship Item 4 of each cover page is incorporated by reference. (d) Title of Class of Securities Common Stock, par value $0.001 per share (e) CUSIP Number 989513205 Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) |X| An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) |X| A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G); (h) |_| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). Page 5 of 8 Pages Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 7,414,207 (3). (b) Percent of class: 11.6% (3). (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote _______. (ii) Shared power to vote or to direct the vote 7,414,207 (3). (iii) Sole power to dispose or to direct the disposition of _______. (iv) Shared power to dispose or to direct the disposition of 7,414,207 (3). (3) Consistent with Rule 13d-4 under the Act, IA and Managing Member disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which Managing Member, IA or its employees have voting or investment discretion, or both, and (ii) certain investment entities, of which Managing Member or IA is the general partner, managing general partner, or other manager, to the extent interests in such entities are controlled by persons other than Managing Member or IA. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following |_|. Item 6. Ownership of More than Five Percent on Behalf of Another Person. IA, a registered investment adviser, and Managing Member, the majority owner and managing member of IA, have the right or the power to direct the receipt of dividends from Common Stock, and to direct the receipt of proceeds from the sale of Common Stock to IA's investment advisory clients. MicroCapital Fund LP owns more than 5% of the Common Stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 6 of 8 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated March 12, 2007 MICROCAPITAL LLC /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis, Managing Member IAN P. ELLIS /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis MICROCAPITAL FUND LP /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis, Managing Member, MicroCapital LLC, General Partner of MicroCapital Fund LP Page 7 of 8 Pages EXHIBIT A Joint Filing Agreement Pursuant to Rule 13d-1 This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. SIGNATURE Date: March 12, 2007 MICROCAPITAL LLC /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis, Managing Member IAN P. ELLIS /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis MICROCAPITAL FUND LP /s/ Ian P. Ellis ------------------------------------------------ Ian P. Ellis, Managing Member, MicroCapital LLC, General Partner of MicroCapital Fund LP Page 8 of 8 Pages -----END PRIVACY-ENHANCED MESSAGE-----